Compensation and Reimbursement of Manager. The Manager shall receive a quarterly management fee (the “Management Fee”) calculated as follows: {(the market value under US GAAP of all cash and securities in the Account on the first day of each calendar quarter plus the market value under US GAAP of all cash and securities in the Account on the last day of that same calendar quarter) divided by two} times .00045. The Principal shall pay its Proportionate Share of the Management Fee and its Proportionate Share of all reasonable costs and expenses incurred by the Manager in performing its obligations under this Agreement, including but not limited to commissions, transaction fees and custodial fees for the Account (the “Account Expenses”). The Principal’s Proportionate Share of the Management Fee, along with its Proportionate Share of any related Account Expenses, shall be billed to the Principal on a quarterly basis, or in such other manner as mutually agreed to by the Manager and Principal in writing. Compensation amounts owing between the parties shall be settled between the parties on a quarterly basis and payments of amounts owing shall be made within 45 days after the end of the calendar quarter.
Compensation and Reimbursement of Manager. Compensation for services rendered in his capacity as Manager shall be established and thereafter modified at any time upon a Majority Vote subject to the restrictions set forth in Section 4.23. In addition, the Manager shall be reimbursed on a monthly basis for all direct costs and expenses reasonably incurred on behalf of the Company.
Compensation and Reimbursement of Manager. The Manager will not be compensated for services rendered to the Company as a Manager. The Manager will be reimbursed from time to time by the Company for all costs and expenses that the Manager reasonably incurs on behalf of the Company in the management and operation of the Company's business, provided that the Manager will first submit to the Members a reasonably itemized statement of such costs and expenses.
Compensation and Reimbursement of Manager. The Manager shall receive a quarterly management fee (the “Management Fee”) calculated as follows: {(the market value under US GAAP of all cash and securities in the Account on the first day of each calendar quarter plus the market value under US GAAP of all cash and securities in the Account on the last day of that same calendar quarter) divided by two} times .00045. Notwithstanding the formula set forth above, the compensation paid hereunder shall be no more than the actual costs without a profit factor built into the cost. The Principal shall pay its Proportionate Share of the Management Fee and its Proportionate Share of all reasonable costs and expenses incurred by the Manager in performing its obligations under this Agreement, including but not limited to commissions, transaction fees and custodial fees for the Account (the “Account Expenses”). The Principal’s Proportionate Share of the Management Fee, along with its Proportionate Share of any related Account Expenses, shall be billed to the Principal on a quarterly basis, or in such other manner as mutually agreed to by the Manager and Principal in writing. Compensation amounts owing between the parties shall be settled between the parties on a quarterly basis and payments of amounts owing shall be made within 45 days after the end of the calendar quarter.
Compensation and Reimbursement of Manager. Manager shall not receive any compensation for its services rendered in its legal capacity as Manager of the limited liability company unless and until same be established upon a Majority Vote. Manager shall be reimbursed on a monthly basis for all direct costs and expenses reasonably incurred on behalf of the Company. All compensation to Manager for services rendered and all direct costs and expenses incurred by Manager on behalf of the Company shall not exceed that which is reasonable and proper for comparable services performed in a like manner in accordance with industry standards, and shall to the extent applicable, meet the criteria of any applicable safe harbor regulation.
Compensation and Reimbursement of Manager. In consideration for the services rendered to the Company by the Manager, and in addition to the distributions, the Manager shall be compensated or reimbursed as follows:
Compensation and Reimbursement of Manager a) Each Manager may (but shall not be entitled to) receive such compensation for services rendered to the Company in his capacity as a Manager as may be determined by the Board Subject only to subsection (b) below, no Manager shall be entitled to any compensation in his capacity as a Manager except as so approved by the Board. If the Company shall employ any entity controlling, controlled by, under common control with, or otherwise affiliated with a Manager, then that person or entity shall have the right to contract and otherwise deal with the Company in connection with its business and assets. Each Manager agrees that, if he or his Affiliates do provide such services, the same will be provided at rates no higher than and on terms at least as favorable to the Company as would be obtainable in an arms-length transaction.
Compensation and Reimbursement of Manager i. The Manager shall diligently and faithfully devote the time to the management of the Company reasonably necessary to serve the purposes of the Company and shall perform all of the duties of managers that are provided for in this Agreement and the Act.
Compensation and Reimbursement of Manager. The Manager may be compensated for its services as the Manager upon written approval of the Majority Interests and the Company shall reimburse the Manager for all ordinary, necessary, and direct expenses incurred by the Manager on behalf of the Company in carrying out the Company’s business activities, including, without limitation, salaries of Officers and employees of the Manager who are carrying out the Company’s business activities. All reimbursements for expenses shall be reasonable in amount. SugarRush 5058, LLCOperating AgreementPage 27 of 53
Compensation and Reimbursement of Manager. 20 Section 8.1 Compensation of Manager. 20 Section 8.2 Fees for Certain Parties and Management Fee. 21 Section 8.3 Operating Expenses. 21 SECTION 9. LOSS, DAMAGE OR SALE OF OWNER CARS; REPLACEMENT OF OWNER CARS. 21 Section 9.1 Loss or Damage. 21 Section 9.2 Sale. 22 Section 9.3 Replacement; Adding and Terminating Owner Cars. 22 SECTION 10. TRANSACTIONS WITH AFFILIATES. 23 SECTION 11. RETURN OF OWNER CARS UPON EXPIRATION OF MANAGEMENT TERM. 23 SECTION 12. INDEMNIFICATION. 23 Section 12.1 Indemnification By Owner. 23 Section 12.2 Indemnification by Manager. 24 Section 12.3 Claims Excluded. 25 Section 12.4 Third Person Claims. 25 Section 12.5 Cooperation. 26 Section 12.6 Survival. 26
